PI Advanced Materials Co. Ltd (178920) - Net Assets
Based on the latest financial reports, PI Advanced Materials Co. Ltd (178920) has net assets worth ₩351.42 Billion KRW (≈ $238.15 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩489.35 Billion ≈ $331.63 Million USD) and total liabilities (₩137.93 Billion ≈ $93.47 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check 178920 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩351.42 Billion |
| % of Total Assets | 71.81% |
| Annual Growth Rate | 5.72% |
| 5-Year Change | 19.45% |
| 10-Year Change | 60.46% |
| Growth Volatility | 6.51 |
PI Advanced Materials Co. Ltd - Net Assets Trend (2014–2024)
This chart illustrates how PI Advanced Materials Co. Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is PI Advanced Materials Co. Ltd worth.
Annual Net Assets for PI Advanced Materials Co. Ltd (2014–2024)
The table below shows the annual net assets of PI Advanced Materials Co. Ltd from 2014 to 2024. Also explore how fast is PI Advanced Materials Co. Ltd growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩337.91 Billion ≈ $229.00 Million |
+7.30% |
| 2023-12-31 | ₩314.92 Billion ≈ $213.42 Million |
-7.77% |
| 2022-12-31 | ₩341.45 Billion ≈ $231.40 Million |
+4.78% |
| 2021-12-31 | ₩325.89 Billion ≈ $220.85 Million |
+15.20% |
| 2020-12-31 | ₩282.89 Billion ≈ $191.71 Million |
+12.58% |
| 2019-12-31 | ₩251.29 Billion ≈ $170.29 Million |
-2.87% |
| 2018-12-31 | ₩258.71 Billion ≈ $175.33 Million |
+4.23% |
| 2017-12-31 | ₩248.22 Billion ≈ $168.21 Million |
+8.61% |
| 2016-12-31 | ₩228.55 Billion ≈ $154.89 Million |
+8.53% |
| 2015-12-31 | ₩210.59 Billion ≈ $142.72 Million |
+8.74% |
| 2014-12-31 | ₩193.67 Billion ≈ $131.25 Million |
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Equity Component Analysis
This analysis shows how different components contribute to PI Advanced Materials Co. Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 207.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩213.59 Billion | 63.21% |
| Other Components | ₩124.32 Billion | 36.79% |
| Total Equity | ₩337.91 Billion | 100.00% |
PI Advanced Materials Co. Ltd Competitors by Market Cap
The table below lists competitors of PI Advanced Materials Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Liuzhou Chemical Industry Co Ltd
SHG:600423
|
$321.40 Million |
|
Guangdong Tianhe Agricultural Means
SHE:002999
|
$321.46 Million |
|
Dongnan Electronics Co. Ltd. A
SHE:301359
|
$321.46 Million |
|
Trifork Holding AG
CO:TRIFOR
|
$321.55 Million |
|
Myriad Genetics Inc
NASDAQ:MYGN
|
$321.38 Million |
|
Ideal Group S.A
AT:INTEK
|
$321.33 Million |
|
Electrovaya Inc.
NASDAQ:ELVA
|
$321.30 Million |
|
Holley Inc
NYSE:HLLY
|
$321.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PI Advanced Materials Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 314,918,935,150 to 337,909,543,590, a change of 22,990,608,440 (7.3%).
- Net income of 23,377,040,120 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩23.38 Billion | +6.92% |
| Other Changes | ₩-386.43 Million | -0.11% |
| Total Change | ₩- | 7.30% |
Book Value vs Market Value Analysis
This analysis compares PI Advanced Materials Co. Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.40x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.68x to 1.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | ₩9633.03 | ₩16150.00 | x |
| 2021-12-31 | ₩11097.37 | ₩16150.00 | x |
| 2022-12-31 | ₩11627.37 | ₩16150.00 | x |
| 2023-12-31 | ₩10723.81 | ₩16150.00 | x |
| 2024-12-31 | ₩11506.70 | ₩16150.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PI Advanced Materials Co. Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.92%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.30%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.56x
- Recent ROE (6.92%) is below the historical average (10.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 11.17% | 15.78% | 0.57x | 1.25x | ₩2.26 Billion |
| 2015 | 8.06% | 12.46% | 0.51x | 1.28x | ₩-4.08 Billion |
| 2016 | 9.18% | 13.71% | 0.50x | 1.35x | ₩-1.88 Billion |
| 2017 | 13.21% | 15.15% | 0.63x | 1.37x | ₩7.96 Billion |
| 2018 | 13.52% | 14.25% | 0.66x | 1.44x | ₩9.11 Billion |
| 2019 | 7.05% | 7.92% | 0.57x | 1.56x | ₩-7.41 Billion |
| 2020 | 14.75% | 15.94% | 0.65x | 1.43x | ₩13.44 Billion |
| 2021 | 19.64% | 21.20% | 0.64x | 1.45x | ₩31.41 Billion |
| 2022 | 13.39% | 16.54% | 0.55x | 1.46x | ₩11.57 Billion |
| 2023 | -0.57% | -0.83% | 0.42x | 1.64x | ₩-33.29 Billion |
| 2024 | 6.92% | 9.30% | 0.48x | 1.56x | ₩-10.41 Billion |
Industry Comparison
This section compares PI Advanced Materials Co. Ltd's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PI Advanced Materials Co. Ltd (178920) | ₩351.42 Billion | 11.17% | 0.39x | $321.40 Million |
| Samyang Holdings Corp (000075) | $3.00 Trillion | 0.94% | 0.76x | $17.20 Million |
| POBIS TNC CO. Ltd (016670) | $86.07 Billion | 12.91% | 0.50x | $58.05 Million |
| Posco ICT Company Ltd (022100) | $388.01 Billion | 6.61% | 1.12x | $2.80 Billion |
| Osung Advanced Materials Co. Ltd (052420) | $194.40 Billion | 5.26% | 0.32x | $363.11 Million |
| Kyung Nam Pharm Co Ltd (053950) | $89.83 Billion | -23.37% | 0.85x | $14.62K |
| ilShinbiobase Co. Ltd (068330) | $35.22 Billion | 5.98% | 0.09x | $29.84 Million |
| Kuk-Il Paper Mfg Co.Ltd (078130) | $17.91 Billion | 0.00% | 3.60x | $294.00 Million |
| OncoQuest Pharmaceuticals Inc (078590) | $48.94 Billion | -22.72% | 0.67x | $105.53 Million |
| MCNEX Co. Ltd (097520) | $98.02 Billion | -0.91% | 2.96x | $328.51 Million |
| Smac Co. Ltd (097780) | $265.49 Billion | 5.87% | 0.26x | $224.21 Million |
About PI Advanced Materials Co. Ltd
PI Advanced Materials Co., Ltd. engages in the manufacture and sale of polyimide films and varnishes in South Korea. It offers its products for use in IT, electronic device, automotive, aerospace, and other general industries. The company was formerly known as SKCKOLONPI, Inc. and changed its name to PI Advanced Materials Co., Ltd. in June 2020. PI Advanced Materials Co., Ltd. was founded in 2008… Read more